CHINA

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Taiwan's UMC to buy China's Hejian, sees Q2 profit

UMC, the world's No.2 contract chip maker, said on Wednesday it would spend $285 million buying China-based chipmaker Hejian to tap robust demand on the mainland, which it expects to help return it to profit after three quarters in the red.

China low-carbon path hard but doable: study

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China must swiftly decouple its rapid economic growth from rising carbon dioxide emissions for global greenhouse gas levels to stay manageable, the authors of a new study said, urging sweeping support to help that transition.
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Texan baby is first flu death outside Mexico

A baby in Texas has died of the H1N1 flu strain, the first confirmed death outside Mexico from the virus, which health officials fear could cause a pandemic as it spread to two more countries.
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Swine flu spreads to Israel, New Zealand

New Zealand and Israel confirmed cases of swine flu on Tuesday, the latest countries hit by a new strain that has killed up to 149 people in Mexico and which threatens to become a pandemic.
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Honda forecasts small annual profit as costs cut

Honda Motor Co (7267.T) forecast a small profit for this year as it cuts costs to counter plunging car sales and a strong yen, and said its leading position in motorcyles is helping it cope with the severe global slowdown.
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Japan, China eye cooperation on mobile services

Japan and China are looking at cooperating on next-generation cellphone services, which would help China develop its wireless technology and Japanese makers expand in China, a Japanese government official said.
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Flu kills 149 in Mexico

Mexico said a new flu virus has killed up to 149 people and it ordered all schools to close across the country on Monday as the disease spread in the United States, Canada and Europe, raising fears of a pandemic.
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Cost cuts help Whirlpool post surprise profit

Whirlpool Corp reported a surprise quarterly profit on Monday as cost-cutting efforts helped the world's biggest appliance maker weather a slump in global sales, and it backed its 2009 profit forecast.
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U.S. gets leeway on U.N. climate deadline

Countries such as the United States can come up with ideas for a U.N. climate pact beyond an April 24 deadline, the U.N. Climate Change Secretariat said on Friday.
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G7 signals worst of world recession may be over

Finance chiefs from the G7 powers said on Friday the global economy may be past the worst phase of a recession although recovery was not yet assured, and they pledged to make sure that big financial firms are sound.
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North Korea to boycott nuclear talks

North Korea will stay away from international nuclear disarmament talks, Russia's foreign minister said on Friday after visiting the secretive state and pressing Pyongyang to return to the sputtering discussions.
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Walled Cities Around the World

While today's modern cities certainly are graced by large fortifications, since the first days of civilization walls have been built around cities to protect citizens from outside invaders and attacks.
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G7 sees bank clean-up as critical for recovery

Global finance chiefs pointed to glimmers of hope that a deep recession might be easing but warned ahead of Friday meetings that they must clean up bank balance sheets to pave the way for recovery.
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North Korea to boycott nuclear talks: Russia

North Korea will stay away from international nuclear disarmament talks, Russia's foreign minister said on Friday after visiting the secretive state and pressing Pyongyang to return to the sputtering discussions.
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U.S. journalists face criminal trial in North Korea

North Korea will put two U.S. journalists arrested last month on its border with China on trial to face criminal charges, its media said on Friday, ratcheting up tensions already raised by a defiant rocket launch.
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Geithner says downturn may be easing

The global economic downturn has shown signs of easing in recent weeks, although significant risks remain, U.S. Treasury Secretary Timothy Geithner said before a meeting of G20 officials in Washington on Friday.
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China reveals it has 1,054 tons of gold

China revealed on Friday that it had quietly raised its gold reserves by three-quarters since 2003, increasing its holdings to 1,054 tons and confirming years of speculation it had been buying.

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